Ann: Buddy Agrees US$10m Debt Reduction with Vendor Debt Holder, page-56

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McKhenry

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21/10/20

18:58

Post #: 48279822
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Originally posted by Holdtight: ↑

@william11,

another ill-informed post.

The 50m options are effectively coming from Eastfield..No dilution involved. 50m issued and 50m cancelled. Also Bud was paying Eastfield interest ...although I think it was 10% and not 12.5%....so for the extra 2.5% we dont have a manufacturer who can close down operation instantly, ( "going concern" gets removed from auditor report), a manufacturer who refused to offer commercial terms, a manufacturer who chose the speed of the operations. We get a second manufacturer with 5 X capacity and forces Eastfield to be competitive on price , speed and leverage. Record order after record order coming in on the demand side. Costco, Lowes amazon shelves to be filled in the new year. 550 costco pallets, 2200 Lowes stores needing stock. Amazon selling 300,000 in a day. Sounds like fluff!!!!

And $14.2m debt reduction is fluff too....

As for this statement "Mr Market rarely gets things wrong and the big end of town clearly see what minority shareholders refuse to see" ...Did Mr market get it right at 40c and at 0.007c? Did MR market get APT right selling down to $7.

Silly comment William. Market is always in a state of being right and wrong at that moment in time.

At least retiredyoung has a reason to paint false negative pictures as he stopped out at 0.009c...you apparently still hold...something not right here.

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Can't wait to see the Alexa bundle with 8 LifX Whites

BUD Price at posting: 6.3¢ Sentiment: Buy Disclosure: Held
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Ann: Buddy Agrees US$10m Debt Reduction with Vendor Debt Holder, page-56

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